Solana (SOL), a coin ranked in the top 5 at one point, is struggling to regain its foothold. While Chainlink (LINK) remains the leading decentralized oracle network, it also faces some threats.
Still, other investors have found comfort in VC Spectra’s (SPCT) strengths as a new crypto-based hedge fund making waves.
Find out why later after covering the latest news for Solana (SOL) and Chainlink (LINK).
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Bitstamp To Soon Halt The Trading of Solana (SOL) And Other Tokens
The latest crypto exchange to delist Solana (SOL) is Bitstamp, confirming to halt trading in the US due to the regulatory uncertainty of many digital currencies. These delistings haven’t been good for Solana (SOL) as it means a loss of customers in the large American market. It may also explain why Solana’s (SOL) price is in the doldrums, down 27% from $32.30 to $23.53.
On the bright side, a recent CoinShares weekly report suggests institutional investors favor Solana (SOL) over other popular tokens, with $9.5 million inflows.
All that’s left is an improvement in other areas to boost the price, likely to reach at least $40 by 2024.
Now let’s look at Chainlink (LINK), which has been slightly more resilient than Solana (SOL) despite its fair share of delistings.
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Chainlink (LINK) Shows Increase In Whales And Developer Activity Since CCIP Launch
No noteworthy story has come from Chainlink (LINK) since launching the Cross-Chain Interoperability Protocol (CCIP). The latter marked a significant enhancement to Chainlink (LINK), letting developers build cross-chain applications across blockchains like Polygon, Optimism, and Ethereum.
Since the release, developer activity for Chainlink (LINK) on GitHub has increased. According to Santiment, it currently ranks fifth. Furthermore, the data provider confirms that large buyers have the highest number of Chainlink tokens since December 2022, with over $192 million of LINK in less than a month.
As a result, the price of Chainlink (LINK) shows some life, rising by 7.49% from $6.94 to $7.42. If Chainlink (LINK) maintains this momentum, it may cross at least $10 in the coming months.
Now we’ve saved the best for last in VC Spectra (SPCT), destined for a profitable future in its price and contribution to crypto.
VC Spectra (SPCT) To Become The Springboard For The Exciting Blockchain and Technology Revolution
The upcoming VC Spectra (SPCT) launch signals a boost in the ever-growing blockchain and technology industries. Emerging start-ups will always need Series A or seed funding to scale their operations.
VC Spectra (SPCT) bridges the gap between these companies and investors desiring high returns in the blockchain and tech markets, providing a decentralized hedge fund guided by an expert team.
Simultaneously, a wide array of advanced strategies, from hedging to diversification, will get applied to manage risks while seeking alpha. Smart contracts will make VC Spectra (SPCT) trustless and autonomous by removing third parties while maintaining transparency, security, and freedom.
Engaging with VC Spectra to the fullest needs investors to hold SPCT. With this utility token, you receive profits from the invested projects and other perks, namely quarterly dividends, voting power, and access to discounted pre-ICOs.
Over half of the 125 million SPCT available in VC Spectra’s Stage 2 has been sold, trading for a measly $0.011. The next price in Stage 3 is $0.025, equaling a 127% jump (or over 2x).
VC Spectra’s long-term forecasts surpass those of Solana (SOL), Chainlink (LINK), and other tokens. Early adopters could see a 627% ROI in their holdings after the presale ends, as the forecasted price is $0.08.
Learn more about the VC Spectra presale here:
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DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
